Use the below inputs to Compute discounted net cash flow starting from the development period.

development period production period Royalty Cost Recovery Exploration costs Tax rate Capital costs Depreciation rate Fixed operating costs Variable operating costs Reserves discount rate Oil price Initial term 5 years. Initial term 20 years. 10% 40% $72mm 35% $508mm, assume to be incurred during the 5 years of development. 20% straight $20mm/year $ 2/bbl. 250mm barrels 10% 65 $/bbl.